Sing Holdings

[ngcheeki]

Next week's copy of the Edge will Feature Boss Lee talking about Sing Holdings!

Dunno which person went to tip off the reporter about the AGM....

In the article, it quoted one of shareholder saying Sing Holding as a "value trap". Is this shareholder is one of our buddies

Besides this report, there is also another article under the "Insider moves" section mentioning about Boss Lee and his brother Sze Leong on their recent share purchased on April 20.

Look like this coming monday there will be some positive movement for Sing Holdings!!

[Jacmar]

In the article, it quoted one of shareholder saying Sing Holding as a "value trap". Is this shareholder is one of our buddies

Besides this report, there is also another article under the "Insider moves" section mentioning about Boss Lee and his brother Sze Leong on their recent share purchased on April 20.

Look like this coming monday there will be some positive movement for Sing Holdings!!

OK I "kee chiu". It was me! The price hasn't moved out of the trading range even though company was reporting good profits.As boss Lee mentioned he wants to deploy the profits into more land acquisition. This means that there won't be much to distribute out ie no catalyst to move price --> value trap.

What makes you think there will some +ve price movement on Monday. I doubt so. any significant price movement will have to wait till next year when the robin site plot ratio is revised.

[ngcheeki]

IMO, there will be some positive movement for Sing holdings due to the Edge Singapore free coverage and also the likely positive Q1 2012 result due the progress revenue recognition of sale of The Laurel (470mil / 7 = 67 mils) as well as the sale of 2 units of Biz Tech industrial units.

You are right to say that it will not be significant price movement though.

[propertyinvestor]

The edge also mentioned about Boss Lee doing share buybacks!

[propertyinvestor]

Where is happy? He is suppose to do his job and put Sing Holdings Q1 result here!

[ngcheeki]

Sing Holding Q1 2012 result is out. The following is a short summary:

Net Profit attributable to shareholder('000): S$7,127 (Up 67.4% compared to Q1 2011)
EPS: 1.78 cents
NAV: 43.27 cents

Forward statement:
Based on the Urban Redevelopment Authority’s (“URA”) real estate statistics, overall prices of private
residential properties fell marginally by 0.1% in 1Q2012, as compared to a 0.2% increase in the
previous quarter. The property price index for uncompleted non-landed private residential properties in
the Core Central Region (“CCR”), where the Group’s residential properties are located, also registered
a slight drop of 0.2%. Number of sold units of uncompleted residential properties in the CCR continued
to slide by a further 20% in 1Q2012, following four consecutive quarters of decline in 2011.
As at the date of this announcement, approximately 94% of the units in “The Laurels” at Cairnhill Road
have been sold, amounting to contracted sales value of about S$666.2 million. Of this, approximately
S$239.2 million has been recognised as revenue and the balance S$427.0 million will be progressively
recognised as revenue from 2Q2012 to 3Q2013. The Group targets to obtain Temporary Occupation
Permit for this development by 3Q2013.
The Group has completed its acquisition of 2-8 Robin Road on 2 May 2012. The property, when
amalgamated with the Group’s adjoining plots 1 and 3 Robin Drive and 10-12 Robin Road, will have a
total land area of 8,172.0 square metres (approximately 87,962.6 square feet) and permissible gross
floor area of 12,584.9 square metres (approximately 135,462.4 square feet), including a 10 per cent
balcony area. The total purchase price of all the sites is S$176.33 million. The amalgamated plots will
form an island site flanked by Bukit Timah Road, Robin Road, Robin Drive and Robin Close.
Construction of the proposed development is expected to commence in 2013.
The Group continues to explore land acquisition and investment opportunities. However, in light of the
current uncertain global economic conditions, the Group is taking a cautious note and is closely
monitoring the property market.

http://info.sgx.com/webcoranncatth.nsf/V...90033B33F/$file/1Q2012_final.pdf?openelement

[propertyinvestor]

Bonus issue coming soon

[money]

Bonus issue coming soon

that's what i hope too but how do you come to that conclusion?

[propertyinvestor]

The debt liabilities is in relation to the Laurels. So no worries on that. More likely special bonus shares than dividends for this year. And the big dividends next year.

[Bibi]

I think Mr Lee would rather put his money into real properties than in shares.